GDSH已决定不行使其在B轮股权融资中的优先购买权。于交割后及按已转换基准，GDSH将以普通股形式持有GDSI约37.6%的股权。B轮认购价意味着GDSH于GDSI的股权估值约为13亿美元(相当于每股GDSH美国存托股约6.75美元)。于交割后，GDSH将不再就会计目的将GDSI合并入账且GDSH将不再有权委任GDSI董事会的大多数成员。On October 29, GDS Holdings-SW (09698.HK) announced that the company today announced that its international affiliate company DigitalLand Holdings Limited ("GDS International" or "GDSI") (as the holding company for datacenter assets and operations outside of mainland China) has entered into final agreements with several institutional private equity investors ("investors") to subscribe to 1 billion US dollars in new convertible preferred shares issued by GDSI in Series B round.
GDS International was established in 2022, with its headquarters located in Singapore. Its asset portfolio currently includes approximately 480 megawatts of datacenter capacity in operation and under development, as well as an additional 590 megawatts of datacenter capacity for future development, strategically located in Hong Kong, Singapore, Malaysia (Johor), Indonesia (Banten Island), and Japan (Tokyo).
The 1 billion US dollars Series B investment mainly involves new American investors led by Coatue Management and with significant participation from The Baupost Group. Together with GDSI's existing equity, the Series B financing will be sufficient to allocate funds needed to develop up to 1 gigawatt of datacenter total capacity. GDS Holdings has decided not to exercise its preemptive rights in the Series B equity financing. Upon completion and based on the conversion benchmark, GDS Holdings will hold approximately 37.6% equity interest in GDSI in the form of common stock. The subscription price for Series B implies a valuation of GDS Holdings' equity interest in GDSI of approximately 1.3 billion US dollars (equivalent to approximately 6.75 US dollars per GDS Holdings American depositary share). After completion, GDS Holdings will no longer consolidate GDSI for accounting purposes and will no longer have the right to appoint a majority of the members of the GDSI board of directors.
GDS Holdings has decided not to exercise its preemptive rights in the Series B equity financing. Upon completion and based on the conversion benchmark, GDS Holdings will hold approximately 37.6% equity interest in GDSI in the form of common stock. The subscription price for Series B implies a valuation of GDS Holdings' equity interest in GDSI of approximately 1.3 billion US dollars (equivalent to approximately 6.75 US dollars per GDS Holdings American depositary share). After completion, GDS Holdings will no longer consolidate GDSI for accounting purposes and will no longer have the right to appoint a majority of the members of the GDSI board of directors.
